NIO-SW (09866.HK) has entered into a strategic cooperation with Geely Holding Group in the battery swap and charging business. Geely Holding Group will take a stake in NIO Power through assets plus cash.

Zhitong Finance APP news, NIO-SW (09866.HK) announced that on September 28, 2026, the company announced that it had entered into formal agreements with certain subsidiaries of Zhejiang Geely Holding Group Co., Ltd. (Geely Holding Group) for strategic transactions in battery swap and charging businesses.